• This Essay Is on the Five Best Inventions in Economic Growth

     

    Essays1 Economics

Evaluation:
Published: 05.10.2003.
Language: English
Level: Secondary school
Literature: n/a
References: Not used
  • Essays 'This Essay Is on the Five Best Inventions in Economic Growth', 1.
Extract

The ultimate engine of economic growth is new technology. According to economists, the growth of output per capita is a fairly recent phenomenon. This can be attributed to all the new technology people have discovered in the past few centuries, causing output growth to surge and accelerate faster than ever before in history. The result of all these ingenious, innovative inventions has been a total revolution in the way people live their lives.
After examining the multitude of invention descriptions on the four websites and considering from other sources, I have concluded that the telephone, printing press, automobile, airplane and the computer have contributed most to economic growth.

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